Tuesday, February 19, 2008

The Department of Financial Economics BI, The Norwegian School of Management Oslo, Norway

1. Financial AssistanceThe Department of Financial Economics has available a number of PhD stipends starting in September 2008. The stipends are for a four year period and offer NOK315,000 per annum (approx. US$55,000) and also cover tuition fees. Each stipend contains a 35 hour per year teaching duty which usually consists of teaching assistant work. Academically excellent students should have a MSc in Finance or closely related subject.

2. Program StructureThe PhD in Finance is taught entirely in English and is structured such that the first year of study covers course work and exams (60 ECTS credits). The Department of Financial Economics plans to offer the following courses in the 2008/2009 academic year: Asset Pricing Theory, Empirical Asset Pricing, Corporate Finance Theory, Market Microstructure, and Advanced Topics in Finance. In addition, we are a member of the Nordic Finance Network (NFN) (http://project.hkkk.fi/nfn/courses.htm) which coordinates schools in the Nordic area offering PhD courses in finance. Through the network it is possible to visit other schools for a short period in order to undertake courses. We also actively encourage students to take longer periods of study at top class institutions around the world.

3. About the Department of Financial EconomicsThe Department of Financial Economics is committed to excellence in research. Currently we have thirteen faculty members in research positions. Faculty members have published in, amongst others, the Journal of Finance, Journal of Financial Economics, Review of Financial Studies, Journal of Financial and Quantitative Analysis, Journal of Business, and the Journal of Political Economy. Based in publications the department ranks as one of the top finance departments in Europe.

4. Application ProcedureApplication forms are available at http://www.bi.no/doctoral . Applicant are required to submit the following: completed application form, description of planned research work, CV, copies of letters of reference, copies of awarded degrees along with grades. Admission to the program is determined after consideration of each candidate’s qualifications. Applications must be submitted by the 28th of March and emailed directly to: